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Michelin Jewelers uses the perpetual inventory system. On April 2, Michelin sold merchandise with a cost of $5,500 for $9,000 to a customer on account with terms of 3/15, n/30. Which of the following journal entries correctly records the sales revenue?
Transitivity
A mathematical property indicating that if a relation holds between A and B, and also between B and C, then it must hold between A and C.
Kohlberg's Theory
A theory of moral development proposed by Lawrence Kohlberg, suggesting that individuals progress through a series of stages of moral reasoning.
Conventional Level
A stage in Kohlberg's theory of moral development where individuals adhere to rules and norms to gain social approval or maintain social order.
Autonomous morality
A stage of moral development in which an individual's moral reasoning is based on personal principles and understanding of right and wrong.
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